EGAL saves about EGP 31m in production costs following gas price fall
Latest by Alyaa Stohy
Company estimates that Bay Village and Bay Condos will be completely delivered by 2023
In a clear turn of events, the EGX decided to suspend trading on 71 shares for 10 minutes, but this time because of the proportion of their gains exceeded the 5% barrier, unlike last week, when trading was suspended due to losses.
Qalaa Holdings is a company that works in energy, cement, agrifoods, transportation and logistics, mining, and printing and packaging.
The production capacity of the new line will be 270,000 pieces a day. Scheduled to start operation in February 2020, the new line will be Domty’s third bakery production line.
Lower interest rates will encourage investment borrowing, says Abu Basha
MPC meeting will end the bleeding of the stock market, says HC
Sending invitations to developers interested in management this week, prospectus to be offered in October, says El-Deeb
First time to suspend trading in the EGX 100 since 2016
The significance of the support level of 14,800 lies in the fact that it represents the previous two weeks’ low, and the neckline of a bearish short-term pattern. “Therefore, we will adopt a conservative viewpoint as long as the indices keep trading below the aforementioned level until the market proves the opposite,” Othman said.
Naeem raises target price on EFIC to EGP 13.4/share, upgrade its recommendation to Buy
NUCA, Palm Hills, Raya Holding closet to implementation
Ebtikar increased its stake in Masary to reach 54.9% by acquiring 9.1%
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) lost 760.1 bps to reach 19.6% vs. 27.2% for 1H19 and 1H18, respectively, affected by the increase in operating costs by 49% in 1H19.
Abou-El-Fotouh confirmed that MEDAF Investments has ambitious plans and aims to expand inside and outside Egyptian markets. He said, “The company is currently evaluating several investment opportunities, the details of which will be announced in due course.”
MERIS Ratings hired to rate Sukuk, promotional campaigns to launch soon, says Mohamed
New short Selling mechanism to be launched before end-November
Consumer is key in digital transformation process; most important preparations are raising awareness and e-signature: Valavanis
The Group’s President Enan El-Galaly told Daily News Egypt that two of the planned four contracts are worth EGP 150-170m, one valued at EGP 120m and the other is worth EGP 30-50m. He noted that most of the new contracts are for hotels in the Red Sea area.
e-finance board approves capital increase of EGP 300m
Ministry aims to increase ICT contribution to GDP to reach 8%, says Talaat
The FRA’s plan includes proposing the appropriate legislative amendment to adopt electronic means as an approved means of notification, and deal with the entities subject to the FRA’s control
Sukuk will attract new blood, raising awareness is challenging, says El-Sawy
Company invests EGP 250-300m per year to develop and expand its services
EFG-Hermes Leasing considers new securitisation worth EGP 300-400m in Q4 of 2019
Financial markets pioneered use of financial technology, are the basis of technological innovation
Securitisation, discounting transactions of gross receivables portfolio of EGP 1bn during Q4 of 2019
Naeem recommends buying, sets the fair value at EGP 37.3
Hermes Securities Brokerage second with EGP 4.6bn, CIBC in third with EGP 4bn
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share